On December 2, the Securities and Exchange Commission filed a lawsuit against Ripple Labs, Inc. and two of its executives alleging they offered and sold over $1.38 billion of digital asset XRP without registration or exemption in violation of Section 5 of the Securities Act of 1933, seeking disgorgement of ill-gotten gains. Ripple filed an
Rule 506(c)
Relief for Pre-Verified Accredited Investors May Encourage Rule 506(c) Offerings

By Alon Y. Kapen on
For the second time in nine days, I recently drove ten hours round-trip to drop my son off at school for spring semester. The first time around, he ended up returning home with me the next day for unexpected oral surgery to remove his wisdom teeth after completing his mandatory one-day COVID quarantine at school. …